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Sovereign Gold Company Ltd.
Summary
| Project: | Halls Peak - Gibson | |
|---|---|---|
| Deposit: | Halls Peak - Gibson | |
| Location: | Australia | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc | |
| Date: | 12/15/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-12-2016: Sovereign Gold Company Ltd. announces an Exploration/Drilling Update report for its Halls Peak - Gibson deposit at the Halls Peak - Gibson project. Drilling results incl. 102.3m @ 4.40% Zn+Pb, 0.39% Cu, 88.94g/t Ag, 0.26g/t Au from 0m. Soverei | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Paul Degeling (Not stated) | |
| ABSTRACT: | Sovereign Gold Company Limited (ASX: SOC) (Sovereign or the Company) is pleased to announce the release of significant mineralised drill results from the 100% owned Halls Peak – Gibson Project (EL4474), intersecting massive sulphide bands of high grade Zinc (Zn), Lead (Pb), Copper (Cu), Gold (Au) and Silver (Ag). On 28 November 2016 the company announced an important extension to the mineralised zone at SG03, stepping back 20m from SG02. An example of the results included extremely highgrade zones of massive sulphides 2.8 metres (from 11.35m) @ 20.50% Zn, 10.84% Pb, 2.16% Cu, 683.57g/t Ag, 1.35g/t Au. The assay results from this diamond drill program confirm the existence a numerous, thick, high-grade mineralised zones of Zinc, Lead, Copper, Silver and Gold (Figure 2). With the confirmation of the high-grade extension to the mineralised zone and the strong market outlook for the Zinc price, currently trading around nine (9) year highs, the company will look to expedite its phase three (3) drilling program for early 2017. The next drill program will target a maiden JORC resource and potential additional extensions to the mineralised high-grade zones. | |
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